I am still focused to see the currently price movement is building a BULLISH CONSTRUCTION POSTURE. As in the previous analysis, I interpret that the 231D + 42D Time Span or D area of my main chart above is an area where the price may COLLAPSE or building a BULLISH CONSTRUCTION and one of the bullish construction approaches I can see in this Time Span is the FOLLOWING CHART APPROACH.
As long as $1272/62 can survive then most likely bulls will re-test the $1300 and if this can be conquered, then the bull can step up to an end of 77D Time Span and will leave the 2011 LONG DOWNTREND LINE on the 4th knocks and If the price can move below 1272/62, this might be invalid. Lets see until end of Augustus 2017, bull can conquered $1300 or not.
I do not know right or wrong, because only the market can determine.
--ooOoo-- From The Desk Of Nubie --ooOoo--
As long as $1272/62 can survive then most likely bulls will re-test the $1300 and if this can be conquered, then the bull can step up to an end of 77D Time Span and will leave the 2011 LONG DOWNTREND LINE on the 4th knocks and If the price can move below 1272/62, this might be invalid. Lets see until end of Augustus 2017, bull can conquered $1300 or not.
I do not know right or wrong, because only the market can determine.
--ooOoo-- From The Desk Of Nubie --ooOoo--
